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China Is Winning. Now What? (americanaffairsjournal.org)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 2 months ago (1 children)

A sense of the PRC’s demographic structure and geographic disparity thus explains why the CCP has publicly called for a technology and manufacturing moonshot even as it deliberately engineered the destruction of over one trillion dollars of software company share value—without, it must be said, impeding in any evident way its continued progress in telecom, chip design, or export manufacturing.

Line go down... but industry more productive?! stonks-down

This is a pretty interesting read. The author is correctly identifying a major upending of US economic power... but the liberal ideological blinders are really hampering him from arriving at some obvious conclusions about what the US could be doing to maintain their dominant position.

[–] [email protected] 2 points 2 months ago

Indeed, there's a religious belief in the power of the markets in US, and the mere idea that an economy could be structured differently is simply not possible to discuss in polite company.